Should I Invest in Stocks? Here are the Top 3 Reasons Why I Trade

One of the questions that I receive all the time is: Should I
invest in stocks or should I trade at all?

Here are the top 3 reasons why I personally trade.

Number 3: These days it’s easier than ever to trade.

Whether you want to trade stocks or options, you have a powerful
charting software available to you that helps you to make the best decision.

Brokerage commissions are lower than ever. Think about it,
right now you can trade for as little as $5, sometimes even a dollar, depending
on what broker you use. You may not pay any commissions at all.

I remember when I started trading, back in the late 90’s,
early 2000s.

When I placed a trade I had to call a broker and place the trade over the phone. Then the broker called the order desk at the exchange and a ticket was printed.

A runner ran the ticket to a person in the pit where the trade was going on. Once filled, the runner ran it back to the order desk at the exchange.

They called my broker, my broker called me, and this is how I knew whether I got a fill or not.

As you can imagine, it took about 30-45 minutes sometimes. Minutes! Not seconds.

Because there were so many people involved, it was also really expensive.

Again, these days, commissions are lower than ever. Back in
the days I paid $40, $50, $60 in commissions.

Right now it’s so much easier. Not only to get started, but also to trade. It’s a very level
playing field.

Number 2: You don’t
have any employees.

This is perfect for me because I’m an introvert.

When trading, you don’t have a boss. You don’t have
deadlines. You don’t have projects that you need to work. You don’t have an
overflowing inbox.

When trading, it’s just the computer and I.

I’m the one responsible to make the decisions. I like that a lot. There’s nobody else to blame.

That’s the downside. I mean, if I’m not successful with
trading, this would be on me, right? But when I am successful in trading, this
is also because of me.

Number 1:You can make a lot of money.

Think about it, how can you make a lot of money? For sure not working a job. I tried this.

I ‘worked hard’ – 50, 60, 70 hours, and yes, I made six figures, but this is not how you become a millionaire.

At least that’s what I’ve figured out. Maybe you’re way
smarter. For me it didn’t work. I worked hard. I got burned out. So I looked
into other ways to make a lot of money.

3 ways you can make a lot of money and become a multimillionaire.

Trading

Real Estate

Running a Business

Of course there’s other ways. You can inherit money. You can
become a famous sports star or maybe take a picture of your butt and break the
Internet.

Trust me, I’m not as cute as Kim Kardashian so it doesn’t work for me.

Running a business

As you know, I have a business – Rockwell Trading. And there’s
a lot of moving parts.

You have to do marketing and be on Facebook to do advertising. There’s a team, customer service, and many other things going on when running a business.

It’s almost like having too many variables. This is why I personally like to stick to trading.

When it comes to
trading, there are only 3 things that you need to know.

1. What to trade. What stock do you trade or what option do
you trade.

2. When to enter.

3. When to exit. Whether you exit with a loss or with a
profit.

About the 3 ways to make a lot of money…

Investing in real
estate

Think about this: I have a few apartment complexes. I also
had quite a few houses here in Austin. I believe I had 12 or 13 single-family
homes.

When you have real estate, you constantly have something
going on.

You may have busted water heaters, AC’s that need
replacement, tenants that trash your property. Then some tenants don’t pay and
you have to evict them.

With trading, you don’t have this.

Out of the 3 ways I’ve listed that you could make a lot of
money – running a business, real estate, or trading… trading is my personal
favorite.

When trading, you’re not dependent on anyone
else.

It’s just me. I’m responsible for my success and failure. The
beautiful thing is, I get immediate feedback.

In your day trading, you see within minutes whether you’re
right or wrong. And when you’re trading stocks and options, you see within a
few days whether you’re right or wrong and can correct it.

When running a business it might take weeks, months, even
years before you know whether you got it right.

It’s the same with real estate. Until an investment pays off,
it can be many years until you can finally cash out.

When trading, it’s pretty quick. When day trading, it’s
within a few minutes and when your swing trading, within 5 to 20 days.

So should you invest
in stocks?

I gave you my 3 reasons:

3. It’s easier than ever because commissions are so low and
there’s powerful tools available to you.

The tool I use is the Power X Analyzer. Within minutes it analyzes 15,000 stocks and tells me the best 2 to 8 stocks to invest in right now.

2. For me as an introvert, I don’t need to talk to other
people. It’s just my computer and I. I can trade whenever and wherever I want,
and I like that freedom.

1. You can make a lot of money.

You can run a business, which I think is incredibly challenging
and difficult. You can invest in real estate, which, based on my personal
experience, don’t think is as easy as other people make it sound. Or you can trade!

Trading isn’t like
having a job.

As you know, I was working for IBM. I was a director, one of
the youngest directors in Germany. I don’t know about you, but I got burned
out.

I was working 50, 60, 70 hours a week and I thought, ‘that’s
not it.’ There wasn’t much in my savings account or my IRA.

When I left my job at IBM to become a trader, this is when my
life turned around.

If you’re new to this, leave a comment below. What is your
favorite reason to start trading? Why do you want to trade? Or if you are trading,
why are you trading?

Trading Futures, options on futures and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. The lower the day trade margin, the higher the leverage and riskier the trade. Leverage can work for you as well as against you; it magnifies gains as well as losses. Past performance is not necessarily indicative of future results.